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80% Buy To Let Mortgages For Purchase, Remortgage and Let To Buy

This means you will have the option to fund a lower deposit or equity to convert your existing main residence to a buy to let or purchase a buy to let. The effect of the lower deposit or equity required is an increase in the interest rate charged due to the higher risk to the lender.

The choice of lenders who will offer buy to lets mortgages with just a 20% deposit is increasing.

Some other quirks are whether you can use your own solicitor or the lenders nominated solicitor at a far higher cost. Precise are guilty in this area. Not all lenders let you switch your existing mortgage from residential to buy to let to enable you retain your existing property and buy a new residential home. Some lenders are only available to experienced landlords.